Non-residents of Canada can have both 15% or 25% tax withheld on a RRIF withdrawal, based mostly on the tax treaty (or lack thereof) of their nation of residence....
TFSAs & RRIFs: What’s the distinction between beneficiaries, successor holders and successor annuitants?
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January 19, 2022
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admin
Nevertheless, there may be one exemption to this rule—the exempt contribution. Say, you identify your partner or common-law accomplice as your TFSA account beneficiary. They are able to use...